Generic Sevco / Rangers meltdown thread

[The Falcon]

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He wasn't innocent and didn't get off the hook. A 44 million fine was the alternative sentence to years in gaol.

So if you break the law and have plenty money you can avoid jail?

Yip, that sounds just and fair.

[CropleyWasGod]

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So if you break the law and have plenty money you can avoid jail?

Yip, that sounds just and fair.

It's fairly normal here as well. If you can't pay the fine, you must do the time.

[The Falcon]

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Despite what he says, it wouldn't surprise me if he puts substantial cash in once all the old guard are cleaned out.

And the board will contain a few familiar faces from pre Craig Whyte and its a case of "job done"

[CropleyWasGod]

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And the board will contain a few familiar faces from pre Craig Whyte and its a case of "job done"

Indeed. The same lot who ran up the massive debt in the first place.

[greenginger]

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And the board will contain a few familiar faces from pre Craig Whyte and its a case of "job done"

Does the rule preventing persons who were directors of a Club for up to 5 years before an insolvency event, becoming directors of another club, not bar the " familiar faces ".

A bit like that Livingston chancer who bid for HOMFC.

[lapsedhibee]

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Does the rule preventing persons who were directors of a Club for up to 5 years before an insolvency event, becoming directors of another club, not bar the " familiar faces ".

Think we can all smell the loophole there.

[ancient hibee]

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He wasn't innocent and didn't get off the hook. A 44 million fine was the alternative sentence to years in gaol.

The point I was trying(badly)to make was that he paid the money and pleaded guilty to the Income Tax charges to avoid trial on various racketeering charges which the authorities then agreed to drop.

[Deansy]

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Will the 'improper persons' regulation within Scottish football take into account King's court case in South Africa ? If so, he can't be Chairman of a lower league side.

Not beyond the realms of possibility that the SFA will belatedly decree that 'Improper Offences' only applies to offences within the UK !!

[green glory]

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Think we can all smell the loophole there.

I'd be happy with that. It would mean the orcs would have to accept they're Scotland's youngest club.

[Ozyhibby]

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The point I was trying(badly)to make was that he paid the money and pleaded guilty to the Income Tax charges to avoid trial on various racketeering charges which the authorities then agreed to drop.

He was found guilty. All he pleaded was his sentence. He is a convicted tax evader who should not be allowed anywhere near Scottish football if the SFA have learned anything from the Murray/ Whyte fiasco.

[lapsedhibee]

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He was found guilty. All he pleaded was his sentence. He is a convicted tax evader who should not be allowed anywhere near Scottish football if the SFA have learned anything from the Murray/ Whyte fiasco.

Auntie. Baws. Etc.

[fatbloke]

Spotted near the Pleasure Beach in Blackpool on 18.10.13. I suppose they have to recoup their lost £14million somehow.1374042_10151944075004761_307541888_n.jpg

[jgl07]

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He was found guilty. All he pleaded was his sentence. He is a convicted tax evader who should not be allowed anywhere near Scottish football if the SFA have learned anything from the Murray/ Whyte fiasco.

Well they already have Sandy Easdale!

[Part/Time Supporter]

http://www.ft.com/cms/s/0/5320d384-3...#axzz2iIQmBAkR

Financial Times - Rangers in danger of getting red card over governance

You wouldn’t run a football match the way that Rangers Plc is being managed. Indeed, you couldn’t under the laws of the beautiful game.

Even before Rangers International Football Club has completed its first full year as a public company, it has lost all but one of its original eight directors and is on its third nominated adviser, or nomad. That is the nearest thing the Alternative Investment Market has to a referee.

....

Even now, when Rangers’ governance has gone beyond normal measures of appropriateness, the LSE has not rushed in with a red card. Yet.

But the nomad will have to justify to the LSE the “appropriateness” of any board candidate. It will be tough to find someone who meets the LSE’s criteria and is willing and able to broker a long-term peace. But if it cannot, then the RIFC’s shares are likely to be suspended. And if the warring continues, the company’s Aim quote will be cancelled, stranding shareholders – including thousands of Rangers fans – with untradeable equity.

The most elegant end to this tawdry tale would be to find a buyer to take RIFC off the public market. Then at least fans will have a chance of selling out at something like a fair price.

[green glory]

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http://www.ft.com/cms/s/0/5320d384-3...#axzz2iIQmBAkR Financial Times - Rangers in danger of getting red card over governance

So another stupid billionaire with 'off the radar wealth' required. Or the tribute act is in soapy bubble too.

[Treadstone]

Traynor away.

http://www.rangers.co.uk/news/headli...club-statement

[Sergio sledge]

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Traynor away.

http://www.rangers.co.uk/news/headli...club-statement

He'll have trouble getting another journalism job in Scotland, well and truly burnt his bridges.

[Peevemor]

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He'll have trouble getting another journalism job in Scotland, well and truly burnt his bridges.

I don't think so. The tabloids don't care what they do/who they employ, as long as it sells papers.

[Spike Mandela]

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Traynor away.

http://www.rangers.co.uk/news/headli...club-statement

He better not end up back on the BBC. Would never listen again.

[davieh]

That statement is short and sweet, isn't it..? No "would like to thank JT for all his work/best for the future blah blah"

[hibby rae]

http://news.stv.tv/west-central/2466...ommunications/

Pr!ck.

[fatbloke]

SSN broadcasting Jim Traynor leaving Rangers. Hope RP does not see this. Traynor thinks or thought he knew it all - new manager material? Discuss

[Pretty Boy]

Fat hun fud waste of space.

Hope he nevers works in the media again.

[Jonnyboy]

Hopefully this will prevent him getting a job in the written media .........

He had used his final newspaper column to label bloggers and journalists “despicable, pathetic little creatures” over their coverage of Rangers’ financial problems.

[Jack Hackett]

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That statement is short and sweet, isn't it..? No "would like to thank JT for all his work/best for the future blah blah"

Yep!

"RANGERS today announce that Director of Propaganda James Traynor has left the Club." (fixed that for them )

Looks like the fat fraud has been unceremoniously handed his jotters

[Keith_M]

So, the company that advise The Rangers on financial matters are themselves close to going bust. They made a loss of 1.7M last year and have apparently made massive losses since.



No wonder NewHun are already in trouble if that's the people advising them on finances

[banarc7062]

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So, the company that advise The Rangers on financial matters are themselves close to going bust. They made a loss of 1.7M last year and have apparently made massive losses since.



No wonder NewHun are already in trouble if that's the people advising them on finances

Ma heart bleeds for them.

[green glory]

An interesting post on Kerrydalestreet. We've all been caught up in the saga of Butcher's bunnet since last week.


It would appear that Pinsent Masons did, in fact, do a thorough investigation into the links between Green and Whyte.
Which concluded that Sevco 5088 was a joint Green-Whyte project which attracted many millions of pounds of investment, with the Whyte shares being hidden behind the screen of Blue Pitch (Mazen Houssami - Abelas' lawyer), Norne Ansalt (Abela), Margarita Holdings (Abela), Elias Kaisar (Abela), Riad Haddad (Abela) and Asia Credit (Chris Morgan - Abela).
That's the Abela family from Beirut, Lebanon, who have links to Monaco (like Whyte) and Grasse, the perfume capital of France, where Whyte also had business connections.
Those Sevco 5088 shares were then transferred almost in total to Sevco Scotland, with Blue Pitch and Margarita seen as the most significant shareholders.
The Whyte link to Sevco 5088 is clear.
The Whyte link to Sevco Scotland is hidden behind the Abela curtain.
FC Spivco said Whyte had no link to Sevco Scotland. They said nothing about Sevco 5088.

It would appear Police Scotland now have their hands on the full Pinsent Masons report.
A moment of total panic for the Spivs.
And the Brogues.
And the SFA.

Because if the truth is revealed, the SFA membership of FC Spivco has to be rescinded.

So place your bets: Will it be Greenock Rangers or Cowdenbeath Rangers?

[neilmartinrocks]

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An interesting post on Kerrydalestreet. We've all been caught up in the saga of Butcher's bunnet since last week.


It would appear that Pinsent Masons did, in fact, do a thorough investigation into the links between Green and Whyte.
Which concluded that Sevco 5088 was a joint Green-Whyte project which attracted many millions of pounds of investment, with the Whyte shares being hidden behind the screen of Blue Pitch (Mazen Houssami - Abelas' lawyer), Norne Ansalt (Abela), Margarita Holdings (Abela), Elias Kaisar (Abela), Riad Haddad (Abela) and Asia Credit (Chris Morgan - Abela).
That's the Abela family from Beirut, Lebanon, who have links to Monaco (like Whyte) and Grasse, the perfume capital of France, where Whyte also had business connections.
Those Sevco 5088 shares were then transferred almost in total to Sevco Scotland, with Blue Pitch and Margarita seen as the most significant shareholders.
The Whyte link to Sevco 5088 is clear.
The Whyte link to Sevco Scotland is hidden behind the Abela curtain.
FC Spivco said Whyte had no link to Sevco Scotland. They said nothing about Sevco 5088.

It would appear Police Scotland now have their hands on the full Pinsent Masons report.
A moment of total panic for the Spivs.
And the Brogues.
And the SFA.

Because if the truth is revealed, the SFA membership of FC Spivco has to be rescinded.

So place your bets: Will it be Greenock Rangers or Cowdenbeath Rangers?

Or maybe just the the rangers intergalactic f.c. plc

[Ozyhibby]

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An interesting post on Kerrydalestreet. We've all been caught up in the saga of Butcher's bunnet since last week.


It would appear that Pinsent Masons did, in fact, do a thorough investigation into the links between Green and Whyte.
Which concluded that Sevco 5088 was a joint Green-Whyte project which attracted many millions of pounds of investment, with the Whyte shares being hidden behind the screen of Blue Pitch (Mazen Houssami - Abelas' lawyer), Norne Ansalt (Abela), Margarita Holdings (Abela), Elias Kaisar (Abela), Riad Haddad (Abela) and Asia Credit (Chris Morgan - Abela).
That's the Abela family from Beirut, Lebanon, who have links to Monaco (like Whyte) and Grasse, the perfume capital of France, where Whyte also had business connections.
Those Sevco 5088 shares were then transferred almost in total to Sevco Scotland, with Blue Pitch and Margarita seen as the most significant shareholders.
The Whyte link to Sevco 5088 is clear.
The Whyte link to Sevco Scotland is hidden behind the Abela curtain.
FC Spivco said Whyte had no link to Sevco Scotland. They said nothing about Sevco 5088.

It would appear Police Scotland now have their hands on the full Pinsent Masons report.
A moment of total panic for the Spivs.
And the Brogues.
And the SFA.

Because if the truth is revealed, the SFA membership of FC Spivco has to be rescinded.

So place your bets: Will it be Greenock Rangers or Cowdenbeath Rangers?

It will be ignored by the SFA. Your deluding yourself if you think any different.